IoT in Energy Market

Global IoT in Energy Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Application Coverage, By End-user Industry Coverage, By Component Coverage, By Geographic Coverage and Leading Companies)

Published Date: Oct 2023 | Format: | No. of Pages: 255

Industry: Energy & Natural Resources | Author Name: Harshad

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FAQ : IoT in Energy Market

Global IOT in energy market is anticipated to reach US$114 Bn by 2030.

Globally top five players in the IoT in energy industry include SAP, IBM, CISCO, Intel, and Infosys.

In 2022, North America constituted 43.3% of the global IoT in energy market valuation. On the other hand, Asia Pacific’s IoT in energy market is expected to register a stronger CAGR of 19.5% during 2023-2030.

In terms of application, asset monitoring segment dominated the market and constituted 23.7% share in 2022. In terms of end-user industry, oil & gas segment constituted more than 43.5% share of the market the same year. Based on component, the services segment led the market with around 39.2% revenue share in 2022.

Due to the COVID-19 pandemic, crude oil price collapsed owing to lower demand in industrial and automotive. This impacted growth in IoT investments in the energy business, especially oil & gas industry across the globe.

IoT in Energy Market

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FAQ : IoT in Energy Market

What is the Expected Market Value of the Global IOT in Energy Market by the End of Forecast Period (2030)?

Who are the Top 5 Players in the Global IOT in Energy Market?

Which Region is expected to Contribute the Largest Value or Volume Share to the Market by 2030-end?

Which are the Leading Segments in the Global IoT in Energy Market?

Did the COVID-19 Pandemic Impact the Global IoT in Energy Market Performance? To What Extent?